Ontology is a Layer 1 blockchain that uses a dual token model and a VBFTconsensus that combines proof of stake, a verifiable random function, and Byzantine fault tolerance. The governance token is ONT and gas is paid in ONG.
Ontology is a smart contract platform built around digital identity and a two token economy that separates staking from network fees. Here is how it works and what it is used for, not the price.
Total value locked (DeFi)
$4.2M
Value locked in DeFi protocols on Ontology. Updated Jun 8, 2026. Source: DefiLlama.
VBFT combines proof of stake, a verifiable random function, and Byzantine fault tolerance. A verifiable random function selects which staked nodes propose and verify each block, and at any time a set of consensus nodes voted in by the community participates in producing blocks. This keeps block production close to one second while spreading selection across staked nodes.
Consensus: VBFT (PoS, VRF, BFT)
VBFT combines proof of stake, a verifiable random function, and Byzantine fault tolerance. A verifiable random function selects which staked nodes propose and verify each block, and at any time a set of consensus nodes voted in by the community participates in producing blocks. This keeps block production close to one second while spreading selection across staked nodes.
Dual token model
ONT is the staking and governance token, while ONG is the gas token used to pay transaction fees. Staked ONT generates ONG over time.
VBFT consensus
VBFT uses a verifiable random function to pick block proposers and verifiers from staked nodes, combining proof of stake with Byzantine fault tolerant agreement.
Multiple virtual machines
Ontology supports NeoVM, WebAssembly, and the EVM, so developers can deploy Solidity contracts alongside other contract types on one chain.
Digital identity
Ontology was designed around decentralized identity and data tools, letting users and applications manage verifiable credentials on chain.
Ecosystem & usage
What Ontology is used for.
Ontology is used as a base layer for identity, data, and EVM compatible applications.
Ontology is a Layer 1 smart contract platform that uses a dual token model and VBFT consensus. ONT is the governance token and ONG is the gas token.
What is the difference between ONT and ONG?
ONT is used for staking and governance, while ONG is the gas token used to pay transaction fees. Staked ONT generates ONG over time.
How does Ontology reach consensus?
Ontology uses VBFT, which combines proof of stake, a verifiable random function, and Byzantine fault tolerance to select nodes that propose and verify blocks.
Does Ontology support Ethereum smart contracts?
Yes. Ontology supports the EVM alongside NeoVM and WebAssembly, so Solidity contracts can be deployed using standard Ethereum tooling.
Can I hold ONT in Zypto App?
Not yet. ONT isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add Ontology using the "Request Ontology" button above.
